Another clatties EBT excuse from the sphell

[theiconicman 2,975]

I work hard for a month before I get paid, the timing of it should not matter. Charles Green doesnt get his shares until certain conditions have been met.

Shocking poor excuse

[johanhentze 14,073]

Surely it matters not when the payment was made, but when the scheme was SET UP? I dont believe for a second that it was all set up AFTER he left! And the article clearly states that it was NOT lodged with the SPL which is a breach of their rules..

[Gillete 1,338]

I spoke to a lawyer friend who specialises in commercial litigation a few moments ago, a straight guy who is a golfer with no interest in football.

His considered opinion on first view is that the sphell have set precedent by their non action in the juninho EBT decision, he opined that the time or place of payment is irrelevant, the fact that the EBT is admitted to and not declared and no action been deemed applicable to non declaration is precedent.

I feel better already.

You are giving me hope ray

[ray 105]

From the other thread I posted this on, draw your own conclusions.

The social security payments when taken in tandem are almost increased by the same amount as the £765,000 for the ebt, coincidence or creative accounting ?

[ForeverBlue_Since91 2,895]

Sick of all this pish. The beats used a EBT it's simple as that. There either allowed or there not? Rangers put all there payments in the accounts which was signed off by the SPL.

It doesn't matter if he got paid later on or during his time with them he still had a contract and got paid by them.

[theiconicman 2,975]

From the other thread I posted this on, draw your own conclusions.

The social security payments when taken in tandem are almost increased by the same amount as the £765,000 for the ebt, coincidence or creative accounting ?

I think it is coincidence, but the 2005 SSC would include the penalty tax and interest Celtic had to pay.

[jonbryce 63]

do we know if any of our players were paid after they left?

I thought getting paid after you left was all part of the EBT process?

Yes I believe they were, but normally EBTs are used to pay annual bonuses, and they tend to be paid while the employee is still in employment.

It seems like a very strange loophole. Employees do quite often get paid money by an employer after they leave. It is called a pension, but pension entitlements are always, in my experience, set out in the employment contract.

[jonbryce 63]

I don't claim to have a great grasp on the details of how an EBT works...clearly it is/was legal provided you used them correctly...

However something in this just doesn't add up to me and it's as simple as the E stands for employee....by paying juninho via this method after he left surely is a breach of the rules governing this scheme...also they didn't declare this at the time to the SFA so what's to stop lawell offering a contract to a player and then when he leaves giving him an additional payment...

I don't have any evidence to back it up but im sure there was something dodgy about the way both keans were paid...i really hope sense will prevail in the end with all this as its getting ridicioulous now and the media in this country continue to scurry about trying to offer justification for the obvious attack on us as a club...

I'm guessing they paid the money into the trust while he was an employee, and he took the money out of the trust after he left. That would be pretty much how a pension works. People regard employer pension contributions as part of their income which they don't get now, but get later.

It may be that the Celtic scheme was an EFURBS (Employer Funded Unapproved Retirement Benefits Scheme) rather than an EBT; but I would still expect it to be disclosed as a payment to the employee.

The critical point is this. The accounting standards - http://www.frc.org.u...-and-other.aspx say that a company can only charge payments to an EBT or similar arrangement to the Profit and Loss account when "the asset(s) transferred to the intermediary vest unconditionally in the identified beneficiaries" (par 12). In other words, if it is an expense in Celtic's accounts, it must be income in the hands of the member of staff who received it or is going to receive it in the future.

[iang2911 423]

It was a similar thing with Henrik Larson as well. When he was convinced to stay on for another year it was allegedly written in to his contract that he would get a testimonial with a value of £1Million. After that last season he got a testimonial bringing in that value.

To me that is a contractual payment.

[barcodebear 85]

do we know if any of our players were paid after they left?

I thought getting paid after you left was all part of the EBT process?

I'm sure wee 'jug'ears' said he received a payment.

[Right_To_Censor 1,951]

i don't see the any differences from us and them regarding the ebt, we brought in players via ebt, they brought in players va ebt, whats the difference?

doesn't matter if he got paid before during or after its the fact be got paid via ebt scheme like ours however we're the chearts and gained sporting advantage, seriously you couldn't make the fucker up.

taig bastards bastards

[Smile 26,600]

It was a similar thing with Henrik Larson as well. When he was convinced to stay on for another year it was allegedly written in to his contract that he would get a testimonial with a value of £1Million. After that last season he got a testimonial bringing in that value.

To me that is a contractual payment.

Always had that down as dodgy myself.

[ianbear007 15]

THE SPL have revealed they decided not to investigate Celtic’s EBT payment to Juninho because the Brazilian didn’t receive his cash until AFTER he’d left Glasgow.

While an independent commission has been set up to study Rangers’ EBT payments, the SPL itself ruled that the Parkhead club ‘had no case to answer’ regarding Juninho’s contract in 2004.

And Record Sport can reveal the SPL believe it’s the fact Juninho wasn’t paid until after his Celtic exit – while Gers stars picked up EBTs while playing at Ibrox – that is the key

difference in the cases.

An SPL source said: “It’s a simple process of matching it up to our rule book.

“In the case of Celtic’s EBT for Juninho he wasn’t paid while he was kicking a ball for Celtic. He received payment after he’d finished playing for the club.”

Record Sport understands the reason Rangers have a case to answer is that their players were being paid via EBTs while they were still playing in the SPL.

The inquiry set up by the SPL into the EBT schemes used by Rangers between 2001 and 2010 is headed by Lord Nimmo Smith.

He has set a hearing date of November 13 with an outcome expected by November 21.

If found guilty of breaching SPL rules the Ibrox club could be stripped of league titles.

New Rangers owner Charles Green has refused to take any part in the inquiry and called it a “Mickey Mouse event”.

He insists all Rangers’ EBTs were disclosed in the oldco club’s annual accounts.

Gers fans were outraged on Wednesday when the SPL said Celtic were in the clear over Juninho while the Ibrox club were still in the dock.

Juninho received his EBT payment in 2005 and the money was declared in the club’s annual accounts – but not to the SFA or SPL.

In 2008, after becoming aware there was a potential tax liability related to EBTs, Celtic reached an agreement to pay a sum to HMRC.

================

Sort of like being killed efter yir deid ?

So doncaster and the spl are running this whole kangeroo court clusterfuck over when rangers paid the proceeds from the tax schemes to its players,

The scum are not guilty because they paid juninho the proceeds of their ebt after he left septic.The wee brazilian cunt knew exactly how much he would earn from the scheme

.

Just because the rangers players were paid before they left the club makes no difference.whatsoever

There was no sporting advantage gained and is there is no case to answer

IT is doncaster and regan that should be in the dock for gross mismanagement and dereliction of duty over the course of this whole fiasco

.

this whole spl process is a complete sham, our great club is being put through the wringer over the timing of payments.Total fucking nonsense

If it comes to it and if this fundamentaly flawed "case" is put before a scots court i have no doubt whatsoever that if rangers are punished by the spl kangaroo clowns then every one of those punishments wil be overturned by a court of law

[Thermopylae 15,286]

I spoke to a lawyer friend who specialises in commercial litigation a few moments ago, a straight guy who is a golfer with no interest in football.

His considered opinion on first view is that the sphell have set precedent by their non action in the juninho EBT decision, he opined that the time or place of payment is irrelevant, the fact that the EBT is admitted to and not declared and no action been deemed applicable to non declaration is precedent.

I feel better already.

The sfa are just not intellectually equipped to play this game and it's all going to come crashing down around their ears pretty soon

[crabbit bear 139]

Thats like saying a burglar broke into a Rangers fans house and the Rangers fan shot him dead on the spot, thats murder, but another burglar broke into the c..tic fans house and he shot him also, but he didnt die till he got too hospital so thats not murder. But they both fucking shot the burglars.

[Teamgers 1,214]

Wait, so its ok to have an EBT and sneakily pay the guy when he leaves, but it's not ok to have an EBT and declare it as it happens and also record it in the accounts, hmm that makes it all the much clearer to me now!

I hope you give them FUCK for this Charlie boy, bunch of cunts!!

[54andcounting 627]

EH? If you get say 2m when you leave the club! that is the same as getting 2m when you are at the club!.